Definitions for "Flexible Premium"
multiple deposits made at regular intervals, or at the clients discretion to fund an annuity contract.
In insurance, a flexible premium allows the policyowner can vary how much they pay in premiums. If a policyholder pays less than the required premium, they may be required to pay higher premiums in the future to maintain coverage.
For universal life policies, non-fixed payments designed to adapt premiums to the policy holder's changing needs and financial conditions. [See universal life.